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OMjNT. made ana execuLea Liii.S <br />>tween DAVIS 'BROS. 'OONSTRi7CLICN <br />PION COMPANY, hereinafter called <br />BANK OF GRAND ISLAND V ;�ASKA, <br />W I T'N E S S E T H: <br />WHEREAS, the Borrower has executed a certain Mortgage Note <br />dated August 8, 1983; <br />WHEREAS, there is presently outstanding a remaining principal. <br />sun in respect to said Mortgage Note in the amount of Forty Thousand <br />and No /100 Dollars ($40,000.00); <br />YA REAS, said Mortgage Note has an original maturity date of <br />March 1, 1984; <br />WHEREAS, Borrower has made application to the Lender to extend <br />the date of maturity in respect to said Mortgage Note to July 1, 1986; <br />ar i <br />WHEREAS, Lender has agreed to extend the time for payment in <br />respect to such Mortgage Note contingent upon Borrower continuing <br />to make the payments as required by said original Mortgage Note as <br />accrue from the date hereof until the maturity date as extended. <br />NOW, THEREFORE, in consideration of the mutual covenants herein <br />contained, it is agreed: <br />1. The Lender does agree, upon and subject to these terms, pro- <br />visions and conditions, to extend the time for payment by the Borrower <br />of the principal sun of Forty Thousand and No /100 Dollars ($40,000.00) <br />remaining due and owing in respect to that Mortgage Note dated August 8, <br />1983. Lender further agrees to extend the time for payment of the remaining <br />principal balance on said Mortgage Note to July 1, 1986, at which time the <br />entire then remaining principal balance, together with accrued interest <br />at the rate of thirteen and one -half percent (13.50 %) per mum, shall be <br />due and payable in full. <br />2. The real. estate Mortgage, dated August 8, 198 -0, in respect to the <br />property legally described as: <br />U <br />I <br />�°r <br />